Following is information provided about Acme United Company (and note the flow of time, from left to right):

12/31/17 12/31/18

Cash $ 2,000 $ 4,000

Accounts receivable 10,000 18,000

Machinery 100,000 120,000

Accumulated depreciation (40,000) (45,000)

Total Assets $ 72,000 $ 97,000

Accounts payable $ 3,000 $ 1,000

Income taxes payable 15,000 3,000

Finance leases 20,000 30,000

Common stock 1,000 10,000

Retained earnings 33,000 53,000

Total liabilities and equity $ 72,000 $ 97,000

Other information (for the year ended 12/31/18):

Net income $25,000

Depreciation expense 5,000

1. Calculate cash flow provided by or used in operating activities. (Cash inflow or outflow.) Show your work and if you need to make any assumptions, identify those assumptions (hint: youll need to make assumptions). Use the indirect method only.

2. Based only on the information provided, calculate cash flow used in or provided by financing activities. Show your work!

3. Based only on the information provided, calculate cash flow use in or provided by investing activities. Show your work!